diff --git a/CHANGELOG.md b/CHANGELOG.md
index bd164f36f..e4e0f5724 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [1.34.1](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/compare/v1.34.0...v1.34.1) (2024-03-15)
+
+
+### Bug Fixes
+
+* bump dependencies to latest ([#2150](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/issues/2150)) ([ea08877](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/commit/ea0887746dc122b724c8d14b518e9f23e2d1f55e))
+
 ## [1.34.0](https://github.com/GoogleCloudPlatform/cloud-sql-proxy/compare/v1.33.16...v1.34.0) (2024-02-20)
 
 
diff --git a/proxy/util/version.txt b/proxy/util/version.txt
index 2b17ffd50..a95a46d9f 100644
--- a/proxy/util/version.txt
+++ b/proxy/util/version.txt
@@ -1 +1 @@
-1.34.0
+1.34.1